Planning approval secured for Loughborough apartment complex
Manufacturing output growth accelerates, but confidence falls further
- Manufacturing output growth picked up in the three months to May (balance of +30 from +19% in the three months to April), with output increasing at the fastest rate since the three months to July 2021. Although output growth is expected to ease in the three months to July (+23%), the pace of expansion will remain comfortably above the long-term average (+9).
- Total new orders were above normal to a greater extent than last month (+26% from +14% in April), matching the record high seen in March. Export order books were above normal to the greatest extent since January 2018 (+19% from -9% in April).
- Stock adequacy for finished goods deteriorated in May (-15% from -3%). 26% of manufacturers this month said stocks were inadequate, with 11% saying that stocks were more than adequate and 54% saying they were adequate.
- Expected domestic price growth for the three months ahead picked up slightly in May (+75% from +71% in April), moving closer to March’s survey record high (+80%).
- Confidence showed a further decline in the quarter to May (-30%), while investment plans for buildings (-6%) and plant and machinery (-2%) remained weak.
The Access Group commits further to Australia and New Zealand with new acquisition
The Access Group and Reckon have reached a $100m agreement for Loughborough-headquartered Access to acquire Reckon Accountants Group, including APS and Reckon Elite, in Australia and New Zealand.
The acquisition reinforces Access’ commitment to the region and to the accountant’s industry, signalling its intent to advance its tax and practice management offering for ANZ accounting firms.
Today’s announcement marks the 10th acquisition in three years for Access in the Asia Pacific region, building on the purchases of Attaché, Unleashed, Joyful, Volcanic, Sage Australia and Asia businesses, Definitiv, EziTracker, Fastrack360 and Vincere since 2019.
Reckon is a provider of practice software and business management solutions designed specifically for accounting firms.
The Access Group has gone from having no presence in the region to 2019, to today supporting more than 35,000 customers, with 900 colleagues, across five countries.
Kerry Agiasotis, president of The Access Group Asia Pacific, said: “The acquisition of Reckon Accountants Group further reinforces Access’ commitment to the accountant’s industry in Australia and New Zealand, which commenced with the purchase of HandiSoft as part of its acquisition of Sage’s Australia and Asia businesses in 2021. With this being our 10th acquisition in the region in just three years, it shows our strong commitment toward rapidly scaling Access Asia Pacific to best support our customers evolving needs.
“We are bringing together two businesses with a strong track record over more than 30 years delivering end-to-end solutions tailored to the specific needs of accounting firms in ANZ. With The Access Group and Reckon Accountants Groups combined industry experience, capabilities and resources, we are uniquely placed to continue to deliver the breadth and depth of software solutions that accounting firms require to adapt their practices to their clients’ rapidly changing needs.
“The combination of our expanded tax and practice management portfolio coupled with cloud technologies and the Access Workspace platform, come together to create an exciting set of new possibilities for our accounting customers. From hosting existing applications, integrating with new cloud point solutions or replacing with whole new cloud native application suites, our aim is to give our clients confidence that we will support them into the future at a pace that works for them.”
Reckon CEO Sam Allert said: “This partnership is good news for our customers, our employees and for the market. The proposed transaction agreement with The Access Group represents a compelling offer, which is also clearly in the best interests of our shareholders. The Board has always maintained that the sum of the company’s parts is worth more than what has been attributed to the whole, and this proposed transaction validates this.
“For our APS and Reckon Elite customers, we are thrilled to bring them the deep specialisation that Access boasts within the practice management market, and offer an extended portfolio of solutions that will deliver added value to our customers and theirs.
“We have spent more than 20 years imagining ways to create brave, new and progressive accounting firms. This acquisition is the natural next step to ensuring continued investment in our vision to simplify business for the benefit of all our customers.
“In joining with The Access Group our teams can broaden the service and solutions available to customers, build on the vision for growth we all share, and ultimately make this a reality for our growing client base.
“In addition, Reckon will be in a much stronger position to unlock further shareholder value through the growth and development of the remaining Business and Legal Groups not captured in this agreement. These divisions have represented approximately 70 per cent of the company’s revenue and a significant portion of EBITDA prior to the initiation of this agreement.
“With this transaction, Reckon will be well placed to accelerate the strategy of delivering a complete suite of accounting & payroll cloud solutions to help small businesses turn ambition into accomplishment, building upon our 114,000 cloud customers, as well as pursue practice management opportunities in the legal market. Proceeds from the sale will also allow the company to reward shareholders with a special dividend, continuing our trend of providing a stable income stream,” Mr Allert said.
Kettering foiling services firm acquired by Gloucester business
Visit APSS at the Lincolnshire Business Expo 2022
Nottingham City Council reports smallest pay gaps among Core City councils
Astorg not moving forward with offer for Ideagen
Viridis Building Services joins sponsor line up for the East Midlands Bricks Awards 2022

- Most active estate agent
- Commercial development of the year
- Responsible business of the year
- Residential development of the year
- Developer of the year
- Deal of the year
- Architects of the year
- Excellence in design
- Sustainable development of the year
- Contractor of the year
- Overall winner
Book your tickets now
Tickets can now be booked for the awards event – click here to secure yours. The special awards evening and networking event will be held on 15 September 2022 in the Derek Randall Suite at the Trent Bridge County Cricket Club from 4:30pm – 7:30pm. Connect with local decision makers over canapés and complimentary drinks while applauding the outstanding companies and projects in our region. The event will also welcome John Forkin MBE DL, Managing Director at award-winning investment promotion agency Marketing Derby, as keynote speaker. Dress code is standard business attire.









To be held at:

Major housing and employment development area to bring tens of millions of pounds of community benefits to Lutterworth
- A Community Park, playing fields, allotments, woodland, trees and hedgerows and new ecological habitats
- Land for a potential new leisure centre in the future
- Foot and cycle paths – connecting with Lutterworth town centre
- 23 hectares of retail and business space – creating up to 2,500 jobs
- Two new primary schools and special education unit
- Improvements to main roads and junctions to increase capacity, a new M1 bridge, and a new spine road
- A community hub – with the potential for shops, restaurants, cafes, community hall and other local facilities
- Approximately 1,260 of the new homes are expected to be built by 2031 and the rest after 2031
Pall-Ex builds focus on international expansion with appointment of division lead
Customers pay the price as volatile supply chains pressure mid-market
Intoware appoints new sales director to spearhead growth
Racer laps up applause, attracting sponsorship from Page Kirk accountants
Skills centre opening completed at Lincoln College
Greater Lincolnshire Enterprise Partnership chair Pat Doody has officially opened the new Digital and Professional Skills Centre at Lincoln College.
Reward your teams at the East Midlands Bricks Awards 2022
- Most active estate agent
- Commercial development of the year
- Responsible business of the year
- Residential development of the year
- Developer of the year
- Deal of the year
- Architects of the year
- Excellence in design
- Sustainable development of the year
- Contractor of the year
- Overall winner (this award cannot be entered, the winner will be selected from those nominated)
Book your tickets now
Tickets can now be booked for the awards event – click here to secure yours. The special awards evening and networking event will be held on 15 September 2022 in the Derek Randall Suite at the Trent Bridge County Cricket Club from 4:30pm – 7:30pm. Connect with local decision makers over canapés and complimentary drinks while applauding the outstanding companies and projects in our region. The event will also welcome John Forkin MBE DL, Managing Director at award-winning investment promotion agency Marketing Derby, as keynote speaker. Dress code is standard business attire.









To be held at:

Midlands Investment Portfolio has potential to drive billions in inward investment
The Midlands Engine partnership is today (18 May 2022) launching the Midlands Investment Portfolio – a ‘digital front door’ opening up investment opportunities across the region.
Taken together, it is estimated these opportunities could support or create a staggering 220,000 jobs and deliver more than £33bn in Gross Development Value.
The Midlands Investment Portfolio showcases investment opportunities across Midlands core sector strengths including: Health and Life Sciences, Energy, Transport Technology, Cyber and Data, Materials and Products, and Agri-food. Within this, opportunities are available in the Industry, Infrastructure, Retail and Commercial, Research and Development, Residential and Education spaces.
The Portfolio has been developed in collaboration with Midlands Engine partners, including the region’s local authorities, local enterprise partnerships, and leading promotion and investment agencies – to present the most complete picture currently available of Midlands priority investment propositions.
Working with Midlands champions in geographies across the world, the Portfolio now becomes a vital asset for their continued advocacy and support for the economic growth and future prosperity of the region.
The Portfolio forms the keystone of Midlands Engine’s involvement at the UK Real Estate Infrastructure Investment Forum (UKREiiF). Throughout the Forum, the Midlands Engine partnership will showcase the region’s strengths in support of the urgent need to level up and drive economic growth and prosperity.
Sir John Peace, chairman of the Midlands Engine, said: “The Midlands offering to the world has always been prodigious – from our heritage as the birthplace of the Industrial Revolution, to the cutting-edge technologies that are being developed right now in sectors as diverse as health and life sciences, digital and clean energy.
“The Midlands Investment Portfolio showcases the exceptional breadth of our region’s investment potential in one place – a comprehensive resource to pinpoint the primary investment opportunities our wonderful region has to offer.
“As Midlands Engine partners continue our work, together, to accelerate growth and prosperity in our region, the Portfolio will be a vital tool in our collaborative efforts to drive inward investment.”
Minister for Investment, Lord Grimstone said: “The Midlands Investment Portfolio provides a world-leading resource to maximise investment into the region which will support jobs, boost the local economy and level up the UK.
“This government is committed to supporting the Midlands Engine through trade and investment, thanks to my department’s support and ambition in signing Free-Trade Agreements that will benefit every region of the UK.”
Minister for Levelling Up, Neil O’Brien MP said: “The Midlands is home to a hotbed of talent across a range of important sectors. With this investment portfolio, the Midlands Engine have done a great job of showcasing the very best investment opportunities across the region.
“The Government is working to ensure the Midlands Engine continues to fire on all cylinders as we deliver our mission of levelling up every corner of the country.”
£50m data innovation hub for manufacturers to accelerate digital tech
Trio of new partners in East Midlands for Howes Percival

